Sierra Leonais, Creoles, Krio: La Dialectique De L'identite

Sierra Leonais, Creoles, Krio: La Dialectique De L'identite

Article excerpt

BURLINGTON, N.J.--(BUSINESS WIRE)--May 16, 1995--Burlington Coat Factory Warehouse Corp. (NYSE:BCF) announced today that revenues for the third quarter ended April 1, 1995 were $327 million versus $330 million a year ago.

For this period the Company reported a loss of $9,029,000 or ($0.22) per share versus a profit of $2,828,000 or $0.07 per share last year.

Net revenues for nine months ended April 1, 1995 were $1.289 billion versus $1.202 billion in the similar period last year. For the nine month period the Company reported a profit of $26,560,000 or $0.65 per share compared with $55,994,000 and a $1.38 per share in the similar period last year.

Net income reflects a decline in the operating income of the Company. The fiscal 1995 performance reflects a weak U.S. apparel environment and an unusually warm fall and winter. As a result of the weak sales performance in a highly promotional U.S. retail environment, higher markdowns have reduced the Company's gross profit margins percentage in the current periods. In addition, declining comparative store sales have negatively impacted operating expense leverage. -0-